Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1 comma 000 tires per day with the following resources: Labor: 425 hours per day @ $12.50 per hour Raw Material: 21 comma 000 pounds per day @ $1.50 per pound Energy: $5 comma 000 per day Capital: $10 comma 000 per day a) Labor productivity per labor hour for these tires = nothing tires/labor hour (round your response to two decimal places).

Question

Sage Hartman

Business

25 April, 00:13

Lillian Fok is president of Lakefront Manufacturing, a producer of bicycle tires. Fok makes 1 comma 000 tires per day with the following resources: Labor: 425 hours per day @ $12.50 per hour Raw Material: 21 comma 000 pounds per day @ $1.50 per pound Energy: $5 comma 000 per day Capital: $10 comma 000 per day a) Labor productivity per labor hour for these tires = nothing tires/labor hour (round your response to two decimal places).

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Answers (1)

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Howie · Answer 1

Labor productivity = 2.35 tires per hour of work

Explanation:

Giving the following information:

Fok makes 1,000 tires per day with the following resources:

Labor: 425 hours per day at $12.50 per hour.

The labor productivity is calculated based on the number of units made divided by the amounts of hours required:

Labor productivity = 1,000/425 = 2.35 tires per hour of work